What Owners Ought to Know About This Year’s Skyrocketing Property Tax Appraisals

Do you own a home or commercial property in the D-FW area? Get ready for sticker shock when you receive your 2016 property tax appraisal notice – and learn how you can fight back.

Property Taxes Are Skyrocketing

Property values have soared in the past year, driving up tax appraisals with staggering increases and causing gasps across the Metroplex as homeowners open their mail. The combination of high demand and low inventory is creating a hot real estate market in many parts of Texas, which appraisal districts are using as justification to significantly raise tax appraisals.

14 Percent Increase in Tarrant County

Record-breaking property tax increases may be in store for 2016. One of the first counties to release property tax appraisal notices this year was the Tarrant Appraisal District. According to TAD, residential property values have increased a whopping 14 percent in the past 12 months.

Owners of multifamily properties could expect an even larger increase due to high rental rates and low vacancy. Apartment owners may see their property taxes rise by 20 percent or more!

How to Fight Back: Your Right to Appeal

As a property owner, you have the right to challenge your taxes to keep them low and manageable. You can file an appeal, compile evidence, and present your case to the appraisal district in order to change their valuation of your property.

Many counties in Texas are sending out property tax appraisal notices right now. Under state law, you have until May 31st to file a tax protest. You can prepare the case yourself, or hire a professional to fight on your behalf.

Call in the Experts: Hire Texas Tax Protest

Hiring a tax professional is the easiest and most direct way to appeal your taxes – and it can be the most effective. At Texas Tax Protest, our professionals build data models, review neighborhood statistics, and have expert knowledge of the appeals process.

We spend time researching the evidence in order to present a case that is accurate, effective, and organized. We win new cases about 80 percent of the time, compared to around 25  percent for homeowners who protest their cases on their own.

2016: A Critical Year to Challenge Your Taxes

The best time to appeal your taxes is right now. According to Patrick Melton of Texas Tax Protest on WFAA News 8:

2016 is “a critical year to fight… Values are up. If you fight them now, it could prevent them from compounding over time and increasing to an unbearable level.”

Watch News 8’s video segment on skyrocketing property taxes, and listen to Melton explain how to fight your tax assessment – and why you should.

Contact Us Today for a Free Property Review

By challenging property tax values, the average homeowner can save hundreds to thousands of dollars – not just this year, but for years to come. Get a free property review from Texas Tax Protest, and discover your potential tax savings. Contact us online or by calling  214-960-5590.

The deadline is fast approaching – don’t miss this opportunity. Assert your right to fight!